Global microkeratome market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024

Microkeratome Market

Market Outline: Microkeratome Market

Microkeratome is a precision surgical instrument which has an oscillating blade designed for creating a corneal flap for refractive related surgeries and also in LASIK and ALK surgery. The microkeratome is generally used to cut the cornea flap where it creates an 83 to 200 mm thick flap. The applanation head, or the plate, flattens the cornea in advance of the cutting blade. The length of the blade extends beyond the applanation plate, the clearance between the blade and the applanation surface determines the thickness of the flap.

Increase in the prevalence of eye disorders is majorly driving the growth of the microkeratome market. The growing geriatric population along and rise in the technological advancements in surgeries are also influencing the growth of the microkeratome market. The growing awareness about the advanced treatment options among the patient pool fueling the market growth. However, the higher cost involved in the treatment may hinder the growth of the market. The dearth of skilled professionals and poor support from the government is likely to restrain the growth of the microkeratome market.

Market Scope: Microkeratome Market

Microkeratome market is segmented based on application, product and end user

Based on the application, the market is segmented into the following:

Epiretinal Membrane

Diabetic Retinopathy

Retinal Detachment

Others

Based on the product, the market is segmented into the following:

Disposable

Reusable

Based on the end user, the market is segmented into the following:

Hospitals

Ophthalmic Centers

Others

Regional Analysis: Microkeratome Market

Geographically, global microkeratome market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America microkeratome market is growth driven by increase in the prevalence of eye disorders. The growing age related eye disorders in the aging patient pool and higher adoptability of the modern advanced technological treatments and the affordability of the surgical procedures are driving the market revenue growth in the region. The European and the Asia pacific regions are expected to grow at significant rate over the forecast period due to developing healthcare infrastructure in this regions.

Competition Assessment: Microkeratome Market

Some of the players in the global microkeratome market include:

Alcon, Inc. (U.S)

Johnson & Johnson Vision Care (U.S)

CooperVision (U.S)

Bausch & Lomb Incorporated (U.S)

Essilor International (France)

Hoya Corporation (Japan)

Carl Zeiss AG (Germany)

Notable Market Developments: Microkeratome Market

In February 2017, Johnson & Johnson completed the acquisition of Abbott Medical Optics.

Key Features of the Report:

The report covers exhaustive regional information, that includes North America (The USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)

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